Yunnan Tourism(SZ:002059) Sou Hu Cai Jing·2025-10-29 12:08Core Viewpoint - Yunnan Tourism reported disappointing Q3 results, with significant declines in revenue and net profit, raising concerns about its financial health and future prospects [2][3]. Financial Performance - Q3 revenue was 68.10 million yuan, down 53.61% year-on-year [3]. - Net profit attributable to shareholders was -35.19 million yuan, a decline of 119.29% compared to the same period last year [3]. - For the first three quarters, total revenue was 185 million yuan, down 58.72% year-on-year [3]. - Net profit attributable to shareholders for the first three quarters was -132.11 million yuan, a decrease of 196.83% year-on-year [3]. - Total assets as of the reporting period were 3.19 billion yuan, down 2.11% year-on-year [3]. Business Segments - The company’s main business includes tourism cultural technology, tourism complexes, and tourism comprehensive services, with tourism cultural technology being the core segment, accounting for nearly 60% of total revenue in 2024 [4]. - The tourism cultural technology segment involves planning and design of tourism parks, development of high-tech amusement equipment, and construction of theme parks [4]. Strategic Initiatives - Yunnan Tourism has been focusing on technology as a future development direction, signing a strategic cooperation agreement with Zhejiang Humanoid Robot Innovation Center to promote the application of robot products in cultural tourism [5]. - The company’s stock experienced a surge, with four consecutive days of trading limit increases in September, following the announcement of the partnership [5]. Historical Performance - The company has reported consecutive years of losses, with cumulative losses exceeding 1 billion yuan from 2021 to 2024 [5].